As a result of some positive news coming from the nation’s beleaguered banking industry, especially the recent actions of the Assets Management Corporation of Nigeria, an international ratings agency, Standard & Poor’s Ratings Services, said on Wednesday that it was revising its Banking Industry Country Risk Assessment on Nigeria to […]

(Reuters) – Securities regulators approved strict new listing standards for reverse merger companies on Wednesday amid a rash of recent accounting scandals. Under the new listing standards approved by the U.S. Securities and Exchange Commission, any company that becomes public through a reverse merger will have to meet stricter new […]

NEW YORK (AP) — The Dow Jones industrial average is closing with a loss of 389 points after Italy’s borrowing costs soared and talks collapsed in Greece on forming a new government. Interest rates on Italian government debt spiked, evidence that investors are losing faith in the country’s ability to […]